Journalism start up Civil launches new US-based ICO on a model it thinks will allow anyone to sell tokens legally

Journalism start up Civil launches new US-based ICO on a model it thinks will allow anyone to sell tokens legally

I like the Civil concept, but, we’ve seen recently that the SEC has a pretty hard stance on US ICOs mostly being Securities under the Howey Test.

Civil, is a major project backed by leading news rooms and experienced crypto professionals – they think that their model of both the ICO and the blockchain governance will create a solid legal framework for token distribution within the US.

What do you think about Civil?

What do you think about their governance model?

What do you think about their approach to a US ICO? Is this a helpful example for future ICOs, or will it just bring undue scrutiny from the SEC towards blockchains in general?